Christian Horner formally leaves Red Bull with £52m pay-off
Summary
Christian Horner has left his role as team principal at Red Bull Formula 1 team after reaching a financial settlement. He received a payment of 60 million euros (about £52 million) after being dismissed in July. Horner was involved in a legal controversy related to a harassment claim, which he was cleared of twice.Key Facts
- Christian Horner has left the Red Bull Formula 1 team.
- He received a pay-off of 60 million euros (approximately £52 million).
- Horner had been with the team since 2005.
- Under his leadership, the team won eight drivers' championships and six constructors' titles.
- He was removed from his position in July after being accused of harassment.
- An internal investigation and a follow-up appeal cleared him of the harassment allegations.
- Horner's annual salary was 12 million euros (about £10 million).
- Red Bull's CEO, Oliver Mintzlaff, praised Horner's contribution to the team.
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